Resources

Securing a Home Loan with Bad Credit – Part I

When it comes to securing a home loan today one of the biggest misconceptions is that you need to have an excellent credit rating, a large down payment and low debt-to-income ratio with steady significant income.  But the truth is home ownership can happen even if you have bad credit due to a foreclosure or […]

Should I Pay Down My Mortgage with Extra Money or Invest?

So you have some extra dollars and want to know what to do with it? For the purposes of this article, lets assume “spending it” isn’t an option. What are the benefits if I pay down my mortgage vs investing the extra money? When you evaluate the numbers, it boils down to emotion vs logic.

Bank vs Mortgage Lender: What’s the Difference?

The Bank vs Mortgage Lender Difference Homeowners seeking financing often ask what the difference between a bank and a mortgage lender is when it comes to doing a home loan. Whether it is a refinance home loan or a purchase home loan, there are distinct differences. A bank, as most people are very familiar with, […]

5 Tax Return Pointers to Help You Qualify for a Mortgage

For any of us interested in qualifying for a mortgage in the near future you should also pay attention to how we are required to file our tax returns. With April 15th fast approaching, here a some tax return pointers to make sure your return doesn’t keep you from qualifying for a mortgage.

Buying Tips for a First Time Homeowner

Buying your first home is a big investment. Make a mistake and it can cost you hundreds and in extreme cases thousands of dollars. This is why every homeowner should be equipped with a few rules of the road before they begin house hunting. Here are some buying tips for first time homebuyers.

Bi-Weekly Payments: Does it Save on My Mortgage?

Many people have enrolled in a bi-weekly payments program as a means to pay off their mortgage faster. Paying your mortgage payment every 2 weeks as opposed to each month does save you money. Over the life of a 30 year $150,000 mortgage at 4%, it will pay off your mortgage 4 years faster, saving […]

Why Buying a Home in 2013 is a Great Idea

With unemployment rates just under 8%, banks paying less than 1% interest on CDs and account balances and inflation looming many renters today wonder if buying a home in 2013 is a good idea. The key to buying a new home is asking yourself the tough questions and honestly answering them. There are situations where […]

Should I get an FHA or Conventional Mortgage?

In today’s market, there are 4 types of mortgages available, Conventional, FHA, VA and USDA. Of those 4, Conventional and FHA are the most common so we’ll cover those, (VA mortgages are only available to US Veterans, and USDA mortgages only apply to certain homes in USDA sanctioned zip codes).

5 Tips to Qualify for a Mortgage After Bankruptcy

After the Great Recession, many have been trying to pick up the pieces and move on with their lives, or just get back to where they were. Today we’ll talk about how to qualify for a mortgage after bankruptcy. How to manage your credit afterward, how to manage your finances, and when you can expect […]

Top Ten Things to Know When Buying a House

Owning a home is the American dream but home ownership also comes with many responsibilities and some headaches. Here are the top ten things you should know when buying a house. First, there’s a high transaction cost associated with buying and selling property and you’ll pay capital gains taxes if you buy a house and […]